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Broadband

Euskaltel set to finalise sale of fibre unit stake in Q2 - CEO

Tuesday 9 March 2021 | 10:46 CET | News
Spanish regional operator Euskaltel is close to finalising the sale of a minority stake in its new wholesale fixed broadband unit it set up last year, according to the company's CEO. "I believe we can complete this operation in the second quarter," Jose Miguel Garcia told Reuters, without providing details about the size of the deal. The aim is to free up cash to boost Euskaltel's retail mobile phone business beyond its regional base in northern Spain and sell wholesale broadband services to rival operators developing 5G networks, he said.

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Categories: Fixed
Companies: Euskaltel
Countries: Spain
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